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Navigating Economic Challenges: Impact of Interest Rate Hikes and Consumer Debt Levels
The chapter explores the effects of interest rate increases on the economy, particularly in relation to housing activity and mortgage markets. It also delves into the growing concerns surrounding consumer debt levels, highlighting signs of strain in areas like credit card and auto loans. The discussion touches on the complexities of consumer spending, debt burdens, and potential economic repercussions of a weakening consumer base.